Corinthians granted 5,000 share options to employees at an exercise price of P5 per share. The grant date is January 1, 2021 and the options are subject to a two –year vesting period. The grant date fair value of each option was P40. At December 31, 2021, Corinthians Company modified the grant by extending the vesting period to June 30, 2023. Management expects that the number of options outstanding as of December 31, 2022, the original vesting date, would be 4,500. The actual number of options outstanding at December 31, 2022 was 4,200 of which only 4,000 vested on June 30, 2023. Compensation expense for 2021 – 2023
Corinthians granted 5,000 share options to employees at an exercise price of P5 per share. The grant date is January 1, 2021 and the options are subject to a two –year vesting period. The grant date fair value of each option was P40. At December 31, 2021, Corinthians Company modified the grant by extending the vesting period to June 30, 2023. Management expects that the number of options outstanding as of December 31, 2022, the original vesting date, would be 4,500. The actual number of options outstanding at December 31, 2022 was 4,200 of which only 4,000 vested on June 30, 2023. Compensation expense for 2021 – 2023
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Corinthians granted 5,000 share options to employees at an exercise price of P5 per share. The
grant date is January 1, 2021 and the options are subject to a two –year vesting period. The grant
date fair value of each option was P40.
At December 31, 2021, Corinthians Company modified the grant by extending the vesting period
to June 30, 2023. Management expects that the number of options outstanding as of December
31, 2022, the original vesting date, would be 4,500.
The actual number of options outstanding at December 31, 2022 was 4,200 of which only 4,000
vested on June 30, 2023.
Compensation expense for 2021 – 2023
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